EURUSD targets 1.3700/800 levels , Support 1.3460 !

EURO-Dollar-min

After forming a short term top at the 1.3645 levels , the pair starts losing its downside momentum , resistance is at 1.3567 ahead of 1.3645 levels , a break above 1.3567 will add pressure on the 1.3645 levels,  above 1.3645 will open 1.3710 ahead of the 1.3785 levels, further out will aim the 1.3870 levels.

On the downside , support is at 1.3460, to reverse risks to the downside, the pair will have to hold below the 1.3460 levels on a daily closing basis,If seen ,It will target the 1.3325 levels where a breach will turn focus on the 1.3104 levels.

Overall, the pair is bullish as long as 1.3460 holds on a daily basis with risk towards the 1.3700/1.3800 levels.

On the 1 hour chart , resistance is at 1.3615 levels, sustained break is likely to recapture the 1.3465 levels, a break would open 1.3710/1.3785 levels.

Support and resistance levels:  1.2660, 1.2745 , 1.2922 , 1.2992 , 1.3066, 1.3104 (main) , 1.3243 , 1.3324 ,1.3385 , 1.3461 (main), 1.3567 , 1.3645 , 1.3710 , 1.3785 , 1.3870,1.4025, 1.4246

 

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2 COMMENTS

  1. US House passes bill to end shutdown, raise debt ceiling ?!!
    What is that supposed to mean ?!!!
    Is it over ?!!!
    No ?!!
    It’s just the beginning of new and bigger problem for US in the future ?!!!
    EURUSD is bullish and likely to fly 700 /1000 pips in the upcoming weeks !!!

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